Twitter plunges as fight against fake accounts hits monthly user data

Original article by Selina Wang
The Australian Financial Review – Page: Online : 28-Jul-18

Twitter shares fell by 21 per cent to $US34.12 on 27 July after it reported that its monthly users were down by a million in the second quarter when compared to the first quarter. The 21 per cent fall was the biggest one-day fall in Twitter’s shares since February 2014. Twitter cited a number of reasons for the decline in user numbers, including new privacy rules in Europe Twitter also advised that it expected its EBITDA for the third quarter to be as much as $US235 million, compared to analyst forecasts of up to $US268 million.

CORPORATES
TWITTER INCORPORATED MACQUARIE SECURITIES (USA) INCORPORATED BTIG LLC PIVOTAL RESEARCH

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